Iran-Pakistan-India (IPI) gas pipeline might be revived as India is eying to rerun it after sanctions against Tehran were lifted, stated an Indian Parliamentary panel.
The Indian Parliament’s Standing Committee on Petroleum and Natural Gas announced in a report submitted to the Parliament that “the government should examine the idea of reviving the [IPI] project as international conditions have become favorable following lifting of sanctions against Iran,” reported India Express.
According to News18, India had almost abandoned the IPI pipeline in 2008 following the US sanctions over Iran’s suspected nuclear program and has instead pursued a rival line from Turkmenistan, passing through Afghanistan and Pakistan (TAPI pipeline).
IPI was designed to transport gas from Iran’s South Pars field to India and Pakistan. The pipelines capacity is 60mcm/d to be divided equally between Pakistan and India.
As informed by the Indian Oil Ministry, “the total length of the pipeline up to Indian border was about 2,135km.”
“As per past estimates, investments required for this pipeline were in excess of $7b,” it added.